Homeowner & Condo Association Services,
Property Manager Services
Homeowner & Condo Associations and support for Property Managers
We provide accounting services for Homeowners and Condominium Associations,
as well as back office accounting support to property management companies.
While there are many important steps in financially managing an Association, our firm is able to balance them efficiently to ensure cohesive administration of policy, account reconciliation, and data analysis. Our services support low, mid-rise and high-rise condominiums; homeowner, sub and master associations and timeshares.
Attestation Services and Financial Statements Preparation Required By Florida Law
Our firm can assist in conducting the annual audit, review or compilation and preparing the Associations’ financial statements required by Florida Statutes. Your Association is required to prepare financials statements that are reported on by a CPA firm with various levels of assurances, depending on your Association's annual revenues. Whether you are required to have your financial statements audited, reviewed and compiled, we can help to make the process simple and efficient.
Tax Services for HOAs
Our firm is very experienced in the tax return preparation for your specific entity type, as well as federal and state tax regulations, we provide preparation of Form 1120-H or Form 1120, depending on certain criteria. We are experts in ways to avoid overpayment of taxation, while following all the applicable regulations and laws.
What our HOA services can do for You
Similar to what we offer for small businesses of any type, our services can be provided on a basis that best suits your needs; annually, quarterly, or monthly. Awe bring our experience and expertise in the factors that contribute to a well-run Association, our firm is equipped to handle all of the following:
• Invoicing assessments
• Tracking accounts receivable
• Banking/lock box system setup up and integration with your accounting program
• Maintaining collection policies
• Coordinating with attorneys regarding delinquent owners
• Preparing weekly and bi-monthly payables
• Monthly reconciliation of all accounts
• Monthly financial reports formatted for individual communities
• Budget analysis, preparation, and management, including reserves
• Complete payroll processing
Our services are structured to be as comprehensive as possible, thus ensuring all of the time-consuming operational components of your Association are efficiently handled. If your Board needs help managing your reserves, we can advise you on the important decision regarding the newer method of pooling or the traditional straight-line funding approach. Lastly, our services include auto-pay (ACH) set-up for community owners payments and estoppel letters for property sales.
